Akyapak
Akyapak

Do you want to advertise here? Contact us

LMW
LMW

Do you want to advertise here? Contact us

EKA Mobility, Mitsui, and VDL Groep to form Global OEM in India
.

EKA Mobility, Mitsui, and VDL Groep to form Global OEM in India

December 28, 2023 11:34 am

With a joint investment of over USD 100 million (~ INR 850 crores) in phases, the cooperation will position India as the global manufacturing & sourcing hub for electric vehicles.

EKA Mobility, a leading electric vehicles & technology company based in India, announced a partnership with Mitsui & Co., Ltd. (Japan) and VDL Groep (Netherlands). This strategic cooperation marks a significant milestone in the evolution of the Indian automotive industry, propelling India toward becoming a global hub for sustainable transportation. The alliance is set to establish most cutting edge global Original Equipment Manufacturers (OEMs) in the region.

This is one of the largest and most significant partnerships in the new mobility segment in India bringing together the strengths and expertise of three leading automotive conglomerates in Asia & Europe to accelerate the development and adoption of innovative electric mobility solutions globally. Under the cooperation, EKA Mobility, known for its cutting-edge electric vehicles and comprehensive EV ecosystem, will receive significant and strategic investments from Mitsui, a global trading and investment company with a rich history of contributing to industrial innovation, and technological support & equity partnership from VDL Groep, a leading Dutch technology and manufacturing company. The combined expertise and resources of the three entities will usher in a new era of sustainable transportation and manufacturing excellence.

In a strategic collaboration, Mitsui & Co., Ltd. is set to make substantial financial investments in EKA Mobility, a move designed to facilitate the scaling up of EKA’s manufacturing operations and broaden its product portfolio. The partnership extends beyond mere financial support, as Mitsui commits to offering assistance to EKA in exporting to specific emerging markets and in establishing robust systems and processes. Notably, VDL Bus & Coach, a subsidiary of VDL Groep and a pioneering force in electric buses and coaches in Europe, will play a pivotal role in the alliance. By transferring technology, VDL Bus & Coach aims to empower EKA Mobility in producing electric buses tailored for the Indian market, thereby contributing to technological leadership in the region.

Advertising

OEM Android App

Your future advertising space? Our media data

This collaboration aligns seamlessly with the ‘Make in India’ initiative championed by the Indian government, underscoring a commitment to fostering local manufacturing and job creation. Beyond economic considerations, the partnership places a strong emphasis on sustainability, reflecting a shared dedication to environmentally conscious mobility solutions and a collective goal of reducing carbon footprints. In essence, this cooperation represents a multifaceted approach encompassing strategic investment, technological exchange, support for local manufacturing, and a steadfast commitment to sustainable practices, collectively contributing to the growth and advancement of EKA Mobility in the Indian market.

Dr. Sudhir Mehta, Founder & Chairman of EKA Mobility, expressed his views about the cooperation, stating, “This partnership with Mitsui and VDL Groep represents a significant step toward making India a global hub for electric vehicle manufacturing. We are proud to join forces with such distinguished partners who share our vision of sustainable, profitable & efficient transportation.”

Nobuyoshi Umezawa, GM of Mobility Business Division in Mitsui & Co. India: “Through the cooperation of EKA, VDL, and Mitsui, we aim to contribute to “Make in India” by leveraging EKA’s excellent engineering and local network, and VDL’s cutting-edge technological capabilities. Furthermore, we would like to utilize our Mitsui’s global network to promote exporting EKA’s competitive products to overseas markets and contribute to creating eco-friendly societies”.

Rolf-Jan Zweep, CEO VDL Bus & Coach: “We are delighted to partner with EKA Mobility and Mitsui. Although the basis of our high-quality development and manufacturing competences lie in north-western Europe, we see many opportunities in India, which is obviously a promising growth market. With this cooperation, we foresee especially many synergy benefits in the areas of procurement and development”. 

EKA Mobility is one of the commercial vehicle manufacturers approved under the Champion OEM Scheme & EV component manufacturing scheme of the Government of India’s Auto PLI policy. EKA is the only Indian company offering end-to-end design, manufacturing & technology of new energy vehicles from scratch in India. The company has set up a state-of-the-art research, development, engineering & innovation center in Pune, Maharashtra, and has significantly grown its order book, with more than 500 electric buses and 5000+ electric light commercial vehicle orders in the pipeline. All these vehicles will be completely designed & manufactured in India, at EKA’s proposed state-of-the-art manufacturing facilities in Madhya Pradesh and Maharashtra. In last two years, the company has introduced electric city bus, staff carrier & school bus, 9 meter hydrogen fuel-cell electric bus, and is now all set to enter the last mile delivery with its range of e-LCVs designed & customized to suit Indian customers and businesses.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

TruCut Precision Tools Pvt Ltd
TruCut Precision Tools Pvt Ltd

Do you want to advertise here? Contact us

Paid Webinar
Paid Webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

amtex
amtex
Fastener Fair India
Fastener Fair India
Himtex 2024
Himtex 2024
Oil & Gas Digital Transformation Africa 2024
Oil & Gas Digital Transformation Africa 2024
Mototech24 Pune
Mototech24 Pune
Pharma India Expo
Pharma India Expo
World of Photonics India
World of Photonics India
IFFE Expo
IFFE Expo
India Essen Welding and Cutting Expo
India Essen Welding and Cutting Expo
Logimat India
Logimat India

eMagazine June 2024

eMagazine June 2024
eMagazine June 2024

Do you want to advertise here? Contact us

Our Sponsors

Bluestar
Bluestar
ELGI-banner
ELGI-banner
DIRAK
DIRAK
B&R Automation
BR Automation
Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
STMCNC
STMPC
Nord
Nord
Fuji Electric India
Fuji Electric India
Maco-c
Maco-c
Andreas
Andreas
TEAL
TEAL
Vulcan Rubber
Vulcan Rubber
Fronius
Fronius
SCHMALZ
SCHMALZ
Sigma-Weild
Sigma-Weild
Inovance Technology
Inovance Technology
Mallcom
Mallcom
Caliber Valves
Caliber Valves
Delta Electric
Delta Electric
Jayashree Electrodevices
Jayashree Electrodevices
Kumbhojkar plastic moulders
Kumbhojkar plastic moulders
Libratherm instruments
Libratherm instruments
MACHbow Enterprise
MACHbow Enterprise
Igus India Pvt Ltd
Igus India Pvt Ltd
Rtex electronics
Rtex electronics
Vega India Level Ltd
Vega India Level Ltd
Sunlub Technologies
Sunlub Technologies
Thakoor Maschinen
Thakoor Maschinen
Timken India
Timken India
UNP Polyvalves India Pvt Ltd
UNP Polyvalves India Pvt Ltd
Wago Pvt Ltd
Wago Pvt Ltd
Dosatron
Dosatron
Super Slides
Super Slides
Mecc alte
Mecc alte
IMTMA- IMTEX 24
IMTMA- IMTEX 24
Ziehl Abegg
Ziehl Abegg
ACE Micromatic Group
ACE Micromatic Group
Fuel Instruments  Engineers
Fuel Instruments  Engineers
Hosabettu Heavy Machinery LLP
Hosabettu Heavy Machinery LLP
BLASTLINE INDIA
BLASTLINE INDIA
Chicago Pneumatic Tools
Chicago Pneumatic Tools
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Yaskawa India
Yaskawa India
Mennekes
Mennekes
TruCut
TruCut
MARPOSS
MARPOSS
kta
kta
Jungheinrich
Jungheinrich